Upstream news
American natural gas and oil development continues growth as major revenue generator for education and conservation funding nationwide
The Department of the Interior’s Office of Natural Resources Revenue (ONRR) reported that revenues generated from energy development on federal lands increased by US$2.76 billion dollars over fiscal year 2018.
GlobalData: Norway has highest number of oil and gas discoveries in 3Q19
Of the 38 global oil and gas discoveries made in 3Q19, six were located in Norway.
Well-SENSE’s FLI technology completes first round of offshore deployments
Over the last six months, Well-SENSE has conducted multiple offshore FiberLine Intervention projects for a range of international supermajors and applications.
Tambak-2 well closed
During operations to recover a failed packer, the well started flowing natural gas to surface. For safety reasons, the well was immediately shut in.
Cairn completes first well in offshore Mexico drilling campaign
The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. The objectives were found to be dry and the well will now be permanently plugged and abandoned.
Gas discovery made offshore Mauritania
Located approximately 125 km offshore Mauritania, the Orca-1 well exceeded pre-drill expectations encountering 36 m of net gas pay.
Exploration well spudded offshore China
The WZ 6-12 M1 exploration well is located in between the Weizhou 6-12 North and South Fields and is targeting the T40 - T42 stacked reservoirs.
Eni purchases 70% stake in Habi offshore gas concession
The offshore Habi gas concession is located in Egypt’s eastern Mediterranean.
Polarcus secures marine seismic acquistion project In Australia
The project will last approximately 1 month and commence in 1Q20.
CNOOC announces 3Q19 operational results
The company achieved a total net production of 124.8 million boe for 3Q19, representing an increase of 9.7% y/y.